Pakistan Revenue
ISLAMABAD: IMF mission chief for Pakistan, Ernesto Ramirez-Rigo, visited Islamabad and Karachi during March 26-27, for introductory meetings with the authorities, said a statement on Wednesday. Ramirez-Rigo assumed Pakistan mission chief responsibilities earlier this month. This was his first visit to the country. In Islamabad, Ramirez-Rigo met with the Minister of Finance, Asad Umar, the […]
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ISLAMABAD: Federal Board of Revenue (FBR) has made special arrangements for income tax return filing on the last two days of this month falling on Saturday and Sunday (March 30 & 31), which are also last two days for filing deadline. The FBR directed all Large Taxpayers Units (LTUs) and Regional Tax Offices (RTOs) to […]
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KARACHI: The equity market climbed up by 636 points on Wednesday following expectation of rate hike in monetary policy to be announced on March 29. The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 38,965 points as against 38,329 points showing an increase of 636 points. Analysts at Arif Habib Limited said that the […]
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KARACHI: The Pak Rupee ended flat against dollar on Wednesday despite recovery in the intra-day trading. The rupee ended Rs140.28 to the dollar from previous day’s closing of Rs140.27 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs140.10 and Rs140.20. The market recorded day high of Rs140.29 […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified promotion of 20 Inland Revenue Service (IRS) officers to BS-19 from BS-18 with immediate effect. The following BS-18 officers of Inland Revenue Service are promoted to BS-19 on regular basis with immediate effect :- 1. Ms. Kehkshan Khan 2. Mr. Tanveer Iqbal 3. Mr. Rais Humayun […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday announced promotion of Pakistan Customs Service (PCS) officers from BS-18 to BS-19 with immediate effect. Following officers have been promoted on regular basis with immediate effect :- 1. Nawabzadi Aliya Dilawar Khanji 2. Dr. Salamat Ali 3. Ahmad Affan 4. Muhammad Ali Malik 5. Tahir Abbas 6. […]
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KARACHI: The present drug policy is silent on adjustment of prices under foreign currency movement, State Bank of Pakistan (SBP) said in its latest report. “The latest drug pricing policy does not say anything about the adjustment of prices under foreign currency movements. The policy becomes ineffective in mitigating the external risk, given the origin […]
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KARACHI: The Pak Rupee gained 17 paisas against US dollar in mid-day trade on improved inflows. The dollar is being traded at Rs140.10 in interbank foreign exchange market. The foreign currency market ended Rs140.27 in last day trading. Currency experts said that due to IMF loan program there would be pressure on the local currency […]
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KARACHI: State Bank of Pakistan (SBP) will announce Monetary Policy for the next two months on Friday, March 29, 2019, a statement said on Wednesday. In the last monetary policy announcement, the central bank increased the policy rate by 25 basis points to 10.25 percent effective from February 01, 2019. The monetary policy committee (MPC) […]
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KARACHI: Any income representing any payment received by way of gratuity or commutation of pension by an employee on his retirement is exempted from income tax. The Second Schedule of Income Tax Ordinance, 2001 explained the exemption from total income. Any income representing any payment received by way of gratuity or commutation of pension by […]
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